The innovative platform suite from Trade Nation is well-designed and simple to use, making it ideal for newcomer forex and CFD traders. But if you’re an experienced trader, you might discover that Trade Nation is missing some of the best trading platforms’ most sophisticated features.
Trade Nation does not run a bank and is not a publicly traded company. Three tiers of regulators—two at the top, one at the second, and one at the third—have approved Trade Nation. Tier-1 regulators Australian Securities & Investment Commission (ASIC) and Financial Conduct Authority (FCA) have granted Trade Nation authorization.

Trading Instruments Trade Nation

There are 601 tradeable symbols available overall on Trade Nation. These include well-known commodities, metals, bonds, and indices, as well as 33 spot forex pairs, 102 U.K. shares, and 423 U.S. shares.

Cryptocurrency: Customers who have registered under Trade Nation’s Bahamas entity are able to trade cryptocurrencies on the company’s web platform.

• Forex Trading (Spot or CFDs) Yes
• Tradeable Symbols (Total) 601
• Forex Pairs (Total) 33
• U.S. Stock Trading (Non CFD) No
• Int’l Stock Trading (Non CFD) No
• Social Trading / Copy Trading No
• Cryptocurrency (Physical) No
• Cryptocurrency (CFD) Yes
  
  

Fees and commissions

Trade Nation provides competitive fixed-spread pricing on all of its tradeable symbols. Trade Nation maintains a fixed spread distance as prices change, unlike the majority of brokers who offer variable pricing. This indicates that its pricing can be taken as-is as an average price without further calculation, with the 

exception of the daily rollover period when prices widen for about an hour.

Fixed spreads: For the EUR/USD pair, Trade Nation lists a fixed spread of 0.6 pips. It’s important to reiterate that, when taking into account all price tick data, Trade Nation does occasionally widen its spreads during its rollover period each day by as much as 1.4 pips, bringing the true average closer to 1 pip.

• Minimum Deposit $0
• Average Spread EUR/USD – Standard 0.6
• All-in Cost EUR/USD – Active 0.6
• Active Trader or VIP Discounts No
• ACH or SEPA Transfers No
• PayPal (Deposit/Withdraw) No
• Skrill (Deposit/Withdraw) Yes
• Visa/Mastercard (Credit/Debit) Yes
• Bank Wire (Deposit/Withdraw) Yes

Apps for mobile trading

Trade Nation app receives high marks for usability but is missing some of the more sophisticated features that are common among the top trading apps.

Overview of the apps: Customers of Trade Nation can also access MetaTrader 4 (MT4) and the Trade Nation mobile app directly from the Google Play and Apple App Stores for Android and iOS devices, respectively.

Usability: The Trade Nation mobile app is just as simple to use as the website version, and it offers the same functionality and distinctive features, like its Smart News section with curated tweets and headlines, that helped Trade Nation win a Best in Class rating for usability for 2023.

Trading tools: Outside of the curated feed of Tweets that is available within the Smart News module, Trade Nation’s web platform lacks integrated market research, news headlines, and other in-house content. Simply put, there’s a lot of space on the platform that’s unoccupied where I was hoping to find more trading tools. Having said that, I was pleased to discover Acuity Trading-powered trading signals that are easily copied and tastefully integrated under the signals tab for users of live accounts.

Trading Platforms

The Trade Nation website’s interface is overly straightforward, and as a result, it frequently seems as though there are important gaps in what it offers. Including existing research from the client portal and mobile app will help Trade Nation’s web platform catch up to that of market leaders like Saxo Bank, IG, and CMC Markets.

Overview of platforms: Trade Nation provides a web trading platform that is compatible with the newest versions of contemporary browsers. I discovered that using the platform’s basic steps to perform essential tasks like setting an alert, adding a symbol to your favorites, opening a chart, or placing an order was very user-friendly.

Charting: ChartIQ, a well-known maker of charting software in the online brokerage sector, powers the charts on the Trade Nation web platform. Trade Nation’s web charts have extensive technical analysis capabilities, comparable to TradingView charts, with 35 drawing tools and 95 indicators.

Trading tools: Other than the curated Tweets available within the Smart News module, research and news headlines are lacking in terms of internal content or outside articles. Additionally, even though there is still a lot of space on the platform where I had hoped to find more trading tools, I was happy to discover trading signals provided by Acuity Trading that are easily copied and tastefully integrated under the “signals” tab for users with live accounts.

Trade Nation provides a variety of order types, including a guaranteed stop-loss. In comparison to CMC Markets or IG, the cost to add a guaranteed stop-loss order is high at 3 pips. Nevertheless, the fixed spread offering from Trade Nation has competitive pricing.

Market research

In terms of research, Trade Nation lags a little behind the sector average. Its mobile app does offer curated Tweets and headlines, as well as weekly articles. However, news headlines and research options are scarce on the web platform outside of the Smart News module. Having said that, I was pleased to learn that Trade Nation’s recently added Signal Centre, which offers trading signals from an FCA-regulated provider, is accessible to clients from within the web platform.

Research summary: The news and analysis section of Trade Nation’s website, its official YouTube channel, and the Smart News module in its mobile app and web platform are the three main places where its research can be found. The logical next steps to further improve the user experience in the Research category might include the inclusion of integrated news headlines from reputable sources and an economic calendar.

Market news and analysis: Trade Nation has a growing library of content on its YouTube channel, including archived analysis videos like the Trading Insights and TRADERCAST series, which include over 130 recordings. Although the majority of Trade Nation’s videos are of high quality and concentrate on technical and fundamental analysis, there is still a dearth of research- and market-related content. The amount of recently uploaded videos that are primarily about research has decreased, and the top brokers in this category offer a wider range of research content and release videos more frequently every day.

Education Trade Nation

Even the premium and advanced content on Trade Nation is primarily geared toward beginners. Because the educational materials and market news are combined in the same section, I found it challenging to navigate by topic or experience level. Nevertheless, there is some content available, and it seems as though Trade Nation is gradually extending this category. One such instance is the broker’s recent addition of its Experts Explain series, in which experts write articles intended to respond to typical research queries.

Learning facility: Trade Nation’s Beginner Guides series, a few previously recorded webinars, and a variety of articles in its news and analysis section make up the majority of its educational content. The No Shortcuts to Success podcast from Trade Nation, which I thought was interesting and had good discussions, is also noteworthy.

There’s room for improvement: It seems like Trade Nation is gradually growing in this category. Trade Nation’s standing in this category could be improved by clearly separating the educational content from the research and market news articles and by including interactive courses with progress monitoring.

Conclusion on Trade Nation

With a variety of regulatory licenses across its network of international entities, Trade Nation has made a name for itself. Through its user-friendly trading platform suite for web and mobile, it offers a respectable selection of markets.

Although Trade Nation might be a good starting point for novices and less active traders, more demanding investors might look elsewhere due to the lack of advanced trading tools, additional research, and educational content.

Under the name Trade Nation Financial Pty. Ltd., Trade Nation is governed as a Financial Service Provider (FSP) in South Africa by the Financial Sector Conduct Authority (FSCA). Additionally, Trade Nation has regulatory status in the Bahamas, Australia, and the United Kingdom.